Frequently Asked Questions

Question about Leasing, Buying and selling properties

Engage a real estate agent or a real estate company like us to help you find suitable properties and guide you through the buying process.

A real estate agent/company acts as a intermediary between buyers and sellers, helping with property searches, negotiations, and paperwork. They facilitate the smooth process of buying or selling a property.

Property values are influenced by factors such as location, size, condition, and recent comparable sales in the area. An appraisal by a licensed professional is often used to determine the fair market value.

Closing costs are fees associated with finalizing a real estate transaction, including appraisal fees, title insurance, and legal fees. Both buyers and sellers have their own set of closing costs, which can be negotiated as part of the deal.

The time it takes to sell a property varies based on factors like location, market conditions, and the property’s condition. On average, it can take a few weeks to several months.

In a buyer’s market, there are more properties for sale than there are buyers, giving buyers more negotiating power. In a seller’s market, there are more buyers than available properties, often leading to higher prices and quicker sales.

Consider the location’s accessibility, security, proximity to amenities, and future development plans. Also, be aware of the property’s title and ensure it complies with local regulations.

Foreigners can buy property in Lagos, but it’s important to engage a legal professional to navigate the land acquisition process. Ensure the property has a valid title and adheres to all local laws.

Common titles include Certificate of Occupancy (C of O), Governor’s Consent, and Deed of Assignment. The C of O is the most secure, granting full ownership rights. Governor’s Consent is necessary for transferring interest in government land.

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